Layoffs: Analogic

AP
Analogic to cut 140 jobs amid economic turmoilWednesday January 28, 2:34 pm ET

Analogic to cut 140 jobs, or 9 percent of work force, amid economic turmoil

PEABODY, Mass. (AP) -- Analogic Corp., a provider of medical imaging and aviation security technology, said Wednesday it is cutting about 140 jobs, or 9 percent of its work force, because of the global economic turmoil.

The company said the job reductions, along with other cost-cutting plans, will lead to annual cost savings of about $9.6 million.

Analogic added it expects to take a restructuring charge of $3.4 million during the fiscal second quarter, which ends in January.